Niko Villamor

Writing a will is an act of love. You must deal with practical matters including asset protection to preserve your estate for future generations. You must devise ways to insure that the people or groups you love will receive the assets you want them to get. A well-written will is an effective instrument of asset protection and estate planning but it will take effect only at the time of your demise. A majority of Filipinos do not have wills. They die intestate. Why? Belli and Wilkinson explained that even in the United States, 70 percent or more of American adults do not have wills. The main reason is psychological in nature: people are apprehensive about thinking of their own demise. Or they believe their death will be accelerated if they made a will. You must care for your heirs unless you wish to follow Picasso’s example.